Calgary has long been known as an energy city and today, is being recognized as a leader in the global energy transition. Alberta is Canada’s largest oil and natural gas producer. The province also boasts some of Canada’s best wind, solar, bioenergy and geothermal resources. Digital transformation (DX) is quickly becoming the largest driver of new solutions and technology investments by energy companies. It is forecasted that Calgary’s energy sector will spend $2.3 billion on DX between 2022 to 2024.

Sector Profile

Alberta Energy Transition Study

Calgary and Alberta are uniquely positioned to lead Canada’s energy transition with a strong cleantech innovation ecosystem, a history of industry collaboration and investment, and a pool of specialized talent. Learn why Calgary’s strengths and differentiators position our city as a global hub for cleantech innovation. 

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Alberta is home to roughly 3/4 of Canada’s crude oil and natural gas production, and has the 3rd largest crude oil reserves in the world. More than 35% of Alberta’s land base has a wind resource considered viable for energy production, and Calgary is Canada’s sunniest major city, with 333 days of sunshine per year.   

Alberta has the second highest installed solar energy capacity in Canada and ranks third in Canada for total installed wind capacity in 2022. The largest solar farm in Canada is also under development and once built will power 100,000 homes with 400 MW of power from 1.5 million photovoltaic solar panels.

Towards A Fuel Hydrogen Economy in the Calgary Region

Calgary and Alberta are “superbly positioned” to be leaders in the hydrogen economy. Authored by The Transition Accelerator for the Calgary Region Hydrogen Task Force, this study demonstrates the Calgary region’s potential as a major hydrogen hub. Learn more about the $4.6 billion per year hydrogen market potential for Calgary in a net-zero future.

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Investing in digital transformation

The digital transformation (DX) spend in Alberta’s energy and environment sector is projected to be $5.8 billion by 2024. This represents 1/4 of Canada’s energy and environment (utilities, renewables, oil & gas, cleantech) DX investment. See how energy & environment is leading digital transformation on our DX spend dashboard.

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Calgary is an opportunity-rich city.

Our interactive investment map highlights the foreign direct investment (FDI) that has taken place in the Calgary area over the past 6 years.

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Cleantech could represent a $3.8 trillion economic opportunity globally by 2030 (ACTia, 2019). Calgary was ranked a top 30 cleantech ecosystem out of 286 cities by Startup Genome (2021).

Emerging strengths in delivering innovation in oil and gas, electricity, food and agriculture, are improving the competitiveness of Alberta’s leading economic sectors and companies while exporting solutions to the world. 

Industry-led innovation

2021 marked a significant milestone for the oil and gas industry in Canada when six of the largest oil sands producers came together to form the Pathways Alliance, embracing the critical role the industry plays in helping meet the national commitment of net zero emissions by 2050. Through collaboration, innovation and technology, they’re working to ensure the oil sands can offer Canada, and the world, a sustainable product and a higher degree of long-term energy stability and certainty.

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Stephen Cardon CED
Stephen Cardon

Business Development Manager, Energy & Environment

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